Allegiant Ptb Ratio from 2010 to 2024
| ALGT Stock | USD 53.44 0.34 0.63% |
PTB Ratio | First Reported 2010-12-31 | Previous Quarter 1.11582198 | Current Value 1.06 | Quarterly Volatility 21.38279758 |
Check Allegiant Travel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Allegiant main balance sheet or income statement drivers, such as Depreciation And Amortization of 234.3 M, Interest Expense of 160.8 M or Selling General Administrative of 105 M, as well as many exotic indicators such as Price To Sales Ratio of 0.56, Dividend Yield of 0.0196 or PTB Ratio of 1.06. Allegiant financial statements analysis is a perfect complement when working with Allegiant Travel Valuation or Volatility modules.
Allegiant | Ptb Ratio |
Latest Allegiant Travel's Ptb Ratio Growth Pattern
Below is the plot of the Ptb Ratio of Allegiant Travel over the last few years. It is price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value. Allegiant Travel's PTB Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Allegiant Travel's overall financial position and show how it may be relating to other accounts over time.
| Ptb Ratio | 10 Years Trend |
|
Ptb Ratio |
| Timeline |
Allegiant Ptb Ratio Regression Statistics
| Arithmetic Mean | (1.57) | |
| Coefficient Of Variation | (1,362) | |
| Mean Deviation | 10.24 | |
| Median | 3.16 | |
| Standard Deviation | 21.38 | |
| Sample Variance | 457.22 | |
| Range | 87.473 | |
| R-Value | 0.37 | |
| Mean Square Error | 425.20 | |
| R-Squared | 0.14 | |
| Significance | 0.18 | |
| Slope | 1.77 | |
| Total Sum of Squares | 6,401 |
Allegiant Ptb Ratio History
About Allegiant Travel Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Allegiant Travel income statement, its balance sheet, and the statement of cash flows. Allegiant Travel investors use historical funamental indicators, such as Allegiant Travel's Ptb Ratio, to determine how well the company is positioned to perform in the future. Although Allegiant Travel investors may use each financial statement separately, they are all related. The changes in Allegiant Travel's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Allegiant Travel's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Allegiant Travel Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Allegiant Travel. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| PTB Ratio | 1.12 | 1.06 |
Pair Trading with Allegiant Travel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegiant Travel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegiant Travel will appreciate offsetting losses from the drop in the long position's value.Moving together with Allegiant Stock
| 0.85 | HA | Hawaiian Holdings | PairCorr |
| 0.67 | AAL | American Airlines Financial Report 18th of July 2024 | PairCorr |
Moving against Allegiant Stock
| 0.9 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
| 0.88 | SKYW | SkyWest | PairCorr |
| 0.84 | CR | Crane Company | PairCorr |
| 0.82 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
| 0.79 | BV | BrightView Holdings Fiscal Year End 21st of November 2024 | PairCorr |
The ability to find closely correlated positions to Allegiant Travel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegiant Travel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegiant Travel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegiant Travel to buy it.
The correlation of Allegiant Travel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegiant Travel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegiant Travel moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegiant Travel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Allegiant Travel Correlation against competitors. For more information on how to buy Allegiant Stock please use our How to Invest in Allegiant Travel guide.Note that the Allegiant Travel information on this page should be used as a complementary analysis to other Allegiant Travel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for Allegiant Stock analysis
When running Allegiant Travel's price analysis, check to measure Allegiant Travel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegiant Travel is operating at the current time. Most of Allegiant Travel's value examination focuses on studying past and present price action to predict the probability of Allegiant Travel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegiant Travel's price. Additionally, you may evaluate how the addition of Allegiant Travel to your portfolios can decrease your overall portfolio volatility.
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Is Allegiant Travel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegiant Travel. If investors know Allegiant will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegiant Travel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 18.984 | Dividend Share 1.8 | Earnings Share 3.13 | Revenue Per Share 140.438 | Quarterly Revenue Growth 0.01 |
The market value of Allegiant Travel is measured differently than its book value, which is the value of Allegiant that is recorded on the company's balance sheet. Investors also form their own opinion of Allegiant Travel's value that differs from its market value or its book value, called intrinsic value, which is Allegiant Travel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegiant Travel's market value can be influenced by many factors that don't directly affect Allegiant Travel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegiant Travel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegiant Travel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegiant Travel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.